S1 Corporation, a global provider of software for financial institutions, has reported its third consecutive quarter of profitability.
Revenue for the second quarter to 30 June was $60.9 million, 5% higher than the preceding quarter but 10% down on the same quarter of last year.
The results for the year-earlier quarter included $14.1 million licence and data centre revenue, $0.9 million in data centre expenses and $0.4 million in depreciation expense associated with the Zurich Insurance Company contract.
Net income for the latest quarter was $0.6 million, or $0.01 per share, compared with net income of $0.4 million for the preceding quarter. The group says second-quarter results include a $0.01 charge associated with an equity investment in a technology partner made during the quarter.
In the year-earlier quarter it incurred a net loss of $6.4 million, or $0.09 per share.
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